The grain market was filled with lots of pictures this week, thanks to scouts testing Twitter’s ag photo limit by uploading shots of corn cobs as the annual Pro Farmer crop tour ran from Monday to Thursday. The tour showed numbers that came in about 5 full bushels below the U.S.D.A.’s current estimate on the average… Read More

Grain markets rode the roller coaster this week as a myriad of factors played into movements across the complex. Currencies, oil prices, weather forecasts, and money flow played a part in helping the market maintain or increase elevated levels. The oilseed market had a strong finish into the close of trading for the week, as oilseeds… Read More

Statistics Canada released its first crop production estimates using a new model-based methodology on Thursday. The model takes into account satellite data, as well as historical figures from the traditional StatsCan Field Crop Reporting Series and agroclimatic information. What wasn’t required in compiling the numbers was a survey of farmers. “The traditional survey relies completely on interviewing… Read More

Statistics Canada today released its estimates of principal field crop stocks to July 31, 2015, including a bearish supply estimate for the canola market (see table below). Not surprisingly, most major crop totals were down substantially year-over-year, as 2014 levels reflected the stock still in the pipeline from the 2013 bumper crop. Total stocks of wheat decreased 32.0% from… Read More

There will be less wheat and slightly less canola grown in Canada this year than what analysts were expecting, if the first production estimates from Statistics Canada are to be believed. Prior to the report’s release on Friday morning, trade guesses for total wheat production ranged from 24.8 to 27.1 million metric tonnes. StatsCan pegged all-wheat at 24.6MMT, down 15.9 percent from last year…. Read More

Statistics Canada published its annual pre-seeding acreage estimates on Thursday morning. As expected, the planting intentions survey showed Canadian farmers plan to seed more wheat, oats and barley and less canola and soybeans than in 2014  (see chart.) There were some surprises in the report, as the canola acreage projection of 19.4 million acres was almost… Read More

Traders and analysts were taken aback by some of the key numbers in the crop production report from Statistics Canada released on Thursday morning. While the market was expecting a higher canola production estimate, it was not anticipating the major increase from the StatsCan estimate of 14.1 million metric tonnes in October to 15.6 million in… Read More

There’s less canola and wheat left from last year’s bumper crop than traders and analysts thought, according to the Statistics Canada stocks report released on Friday morning. Wheat stocks as of July 31st were pegged at 9.8 million metric tonnes, up 94 percent from the same time last year, but generally below expectations. Canola supplies… Read More

 

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